Business News

5 things you need to know today

1. Labor has announced it will not ratify a free trade agreement with Indonesia, and would attempt to change existing agreements with China and South Korea, as well as the Trans-Pacific Partnership, to remove sections that allow foreign workers to be imported and foreign governments to sue.

2. Prime minister Scott Morrison may follow in Donald Trump's footsteps by announcing a move of Australia's embassy in Israel from Tel Aviv to Jerusalem.

3. Three Federal Liberal MPs have requested that children currently in detention on Nauru be brought to Australia according to a report by the ABC.

4. The S&P/ASX 200 closed down 1% yesterday to 5837.1, its lowest point in six months, dragged down by the financials sector as well as the big mining stocks.

5. Advertising on a Coca Cola vending machine in Auckland has apparently been lost in translation, with the message "Kia ora, mate" on the machine reading "Greetings, death" in Māori.

Published on: Tuesday, October 16, 2018

blog comments powered by Disqus

New on Switzer